For Sale: Minneapolis MLS# 7087133
Active
NEW!
$500,000
Multi-family: Duplex Up and Down
8 br • 3 ba • Built 1909
3,967 sqft • 0.15 acres
Minneapolis schools
MLS# 7087133
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Property Description
Incredible investment opportunity just blocks from U.S. Bank Stadium! This high-potential property is a standout addition to any investor’s portfolio or an ambitious buyer looking to build immediate equity in one of Minneapolis’ most active and rapidly growing areas.
Perfectly positioned near the Downtown East corridor, major medical centers, light rail transit, restaurants, entertainment, and employment hubs, this property offers access to a strong tenant pool year-round. The flexible layout provides excellent rental potential, including additional finished living space in the attic/third level, creating added usable square footage and versatility for future occupants.
With strong rental history, multiple living areas, and long-term appreciation potential, this property delivers a rare combination of immediate income opportunity and future upside. Don’t miss your chance to own real estate in one of the city’s most vibrant, high-demand neighborhoods. Schedule your tour today!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$500,000
Price per sq ft:
$126
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
2
County:
Hennepin
Year Built:
1909
State:
MN
Property Style:
Duplex Up and Down
Zip Code:
55404
Neighborhood/Area:
78
Subdivision Name:
C L Willes Add To Minneapolis
Interior
Bedrooms:
8
Bathrooms:
3
Finished Area:
3,967 ft2
Living Area:
3,967 ft2
Refrigerators:
Two
Basement Details:
Block
Exterior
Stories:
More Than 2 Stories
Garage Spaces:
2
Garage Size:
600 ft2
Foundation Size:
1,400 ft2
Fencing:
Chain Link
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Boiler
Parking Features:
Detached Garage
Road Frontage:
- City Street
- Paved Streets
- Sidewalks
- Storm Sewer
Exterior Material:
Concrete
Roof Details:
Age 8 Years or Less
Rooms
Laundry:
In Basement
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.15
Geolocation:
44.964408, -93.257205
Lot Dimensions:
130 x 50
Lot Description:
- Public Transit (w/in 6 blks)
- Tree Coverage - Light
Schools
School District:
1
District Phone:
6126680000
Expenses
Annual Caretaker Expense:
$1,320
Annual Electric Expense:
$660
Annual Fuel Expense:
$1,620
Annual Insurance Expense:
$2,580
Annual Maintenance Expense:
$1,800
Annual Trash Expense:
$660
Annual Water/Sewer Expense:
$1,800
Tenant Expenses:
Cable TV
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$6,177
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$7,456
Income
Annual Gross Income:
$52,200
Misc. Annual Income:
$3,000
Rent
Annual Net Income:
$31,904
Units
Total Units:
3
Miscellaneous
Fuel System:
Natural Gas
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
Power Company Name:
Xcel Energy
Mortgage Calculator
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Keller Williams Realty Integrity Lakes.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.